The federal government has been advised on the need to create robust energy policy in order to strength the growth of the oil and gas sector.
The advise was given at the 2018 edition of the Brand Innovation Conference with the theme: â€˜Repositioning the Energy Sector for Growth organised by the Brandzone Consulting LLC.
Speaking at the event, the Managing Partner, Brandzone Consulting LLC and the Convener, Mrs. Chizor Malize, said the theme was selected to reflect the fact that there have been fundamental changes to the dynamics of the worldâ€™s energy industry, which the Nigerian local industry needs to align to.
She also stated that the sector has a pivotal role to play in the countryâ€™s economic growth outcome, adding, the #LightUpNigeriaConference recognised the need to reposition the energy sector for continuous growth and advancement.
She said: â€œThe energy sector requires more than ever before an effective integration of opportunities across the sector value chain, development of strong strategic frameworks around every tenet of business, consolidation of knowledge, skills, experiences and expertise to maximise the industry potential. The conference is designed to dissect emerging sector opportunities, issues and challenges inhibiting growth, and global innovation and opportunities that can catalyse growth for both the energy sector operations and the nation.â€
In his remarks, the Senior Technical Adviser to the Minister of State, Petroleum Resources, Mr. Gbite Adeniji, who represented the minister, lauded the organisers of the event, stating that the objective of the forum aligned with the resolve of the federal government to alleviate Nigerians from energy dearth.
Adeniji shared the key steps the government has taken to reposition the sector which include; providing a robust policy framework, ensuring a conducive business environment, pushing a gas revolution, rehabilitating the existing refineries, addressing the Niger-Delta issues, entrenching transparency and efficiency and adopting stakeholder engagement in the policy and investment drive.
He said the roadmap of the Federal Ministry of Petroleum Resources, which is the â€˜seven big winsâ€™, was an aggressive framework of the government in leading an efficient energy industry, noting that stakeholders that the federal government was committed to energy security in the country.